Mathematical Economics (B.Sc.)
Combining teamwork and logical thinking in the world of numbers is the key to success in the Business Mathematics degree program. Use this unique combination to solve complex problems and create breakthrough solutions. Show off your teamwork skills and discover the limitless opportunities this multi-faceted major offers you.
Fact Sheet
- Degree
- Bachelor of Science (B.Sc.)
- Admission
- No Admissions Restrictions
- Duration of studies
- 6 semesters
- Teaching language
- completely in German
- Faculty
- Faculty of Sciences
- Start of degree program
- Winter semester
- Number of students
- 1-50
- Special ways to study
- 1-subject Bachelor, Cooperative Bachelor’s degree program
- Special features
-
Professional internship
In the Bachelor’s program in Business Mathematics, a minimum four-week work placement (5 ECTS) or a minimum eight-week work placement (10 ECTS) can be included as a key qualification. Prerequisites for this are:
- The internship must be registered with the examination office at least two weeks before the start of the internship (form). The letter of acceptance from the internship site must be attached to the registration. The letter of acceptance must state the nature of the internship activity.
- A report on the internship must be written (guidelines), which must be submitted to the examination office at the latest four weeks after the end of the internship together with an internship certificate from the employer. (If required, a pre-printed form (doc, pdf) can be used for the internship certificate).
Orientation Week
In the first week before lectures begin, the teaching unit of the Departments of Mathematics and Data Science is offering an orientation week aimed at all first-year students of the following degree programs:
- Mathematics BSc. and teaching degree „Gymnasium“
- Technomathematics BSc.
- Business Mathematics BSc.
Further information can be found here.
Program overview
What is the degree program about?
How do navigation devices always find the shortest route? How do you read a balance sheet? How does demographic change affect the risk management of banks and insurance companies? Business mathematics is a strongly application-oriented mathematics program in which students learn structures and techniques that enable them to analyze and solve mathematical problems, such as those encountered by banks and insurance companies, or that are used to optimize utility networks (energy, water, logistics).
The combination of the three subject areas of mathematics, economics and computer science ensures optimal preparation for professional life. In addition to basic courses in the three disciplines (e.g. analysis, economics, programming), the program also includes several courses that are structured in such a way that all three disciplines are taken into account simultaneously (e.g. Introduction to Statistics and Statistical Programming, Linear and Combinatorial Optimization, Optimization Project Seminar). In addition, the Bachelor of Business Mathematics program is characterized by a large proportion of free elective modules, which account for 20% of the entire program.
After graduation, you will be able to analyze and optimize economic problems using mathematical methods, predict processes and offer solutions to companies.
The study of business mathematics leading to a bachelor’s degree comprises a foundation and orientation phase of two semesters and a bachelor’s phase of four semesters. A total of 180 ECTS credits are required for successful completion of the program. The program is divided into the blocks „Basic Modules in Mathematics“ (50 ECTS), „Advanced Modules in Stochastics and Optimization“ (20-30 ECTS), „Mathematical Elective Modules“ (15-25 ECTS), „Minor in Economics“ (30 ECTS), „Minor in Computer Science“ (15 ECTS), „Cross-Sectional Module and Seminar“ (15 ECTS), „Key Qualifications“ (10 ECTS) and „Bachelor Seminar and Bachelor Thesis“ (15 ECTS). Further details about the degree program can be found in the corresponding examination regulations.
Exemplary Study Plan
1st semester:
- Analysis I (10 ECTS)
- Linear Algebra I (10 ECTS)
- Computer-oriented Mathematics I (5 ECTS)
- Business Administration I (5 ECTS)
2nd semester:
- Analysis II (10 ECTS)
- Linear Algebra II (10 ECTS)
- Computer-oriented Mathematics II (5 ECTS)
- Macroeconomics (5 ECTS)
3rd semester:
- Analysis III (10 ECTS)
- Linear and Combinatorial Optimization or Stochastic Modeling (10ECTS)*
- Microeconomics (5 ECTS)
- Accounting (5 ECTS)
4th semester:
- Project Seminar Optimization or Introduction to Statistics and Statistical Programming (5 ECTS)*
- Elective module in economics (see module catalog minor in economics) (5 ECTS)
- Compulsory elective module in computer science (see module catalog for minor in computer science) (5 ECTS)
- Cross-sectional module: Linear and Nonlinear Systems (10 ECTS)
- Key qualification (see module catalog Key Qualifications) (5 ECTS)
5th semester:
- Mathematics elective module (see module catalog Mathematical Elective Modules) (10 ECTS)
- Linear and Combinatorial Optimization or Stochastic Modeling (10 ECTS)*
- Machine Learning & Data Driven Business (5 ECTS)
- Seminar on the cross-sectional module Linear and Nonlinear Systems (5 ECTS)
6th semester:
- Project Seminar Optimization or Introduction to Statistics and Statistical Programming (5 ECTS)*
- Key qualification (see module catalog Key Qualifications) (5 ECTS)
- Mathematics elective module (see module catalog Mathematical Elective Modules) (5 ECTS)
- Bachelor seminar (5 ECTS)
- Bachelor thesis (10 ECTS)
*Important information: If you want to write a bachelor thesis in the field of stochastics, it is recommended to attend the lecture Stochastic Modeling in the third semester and the lecture Introduction to Statistics and Statistical Programming already in the fourth semester. If, on the other hand, a bachelor thesis in the field of optimization is intended, then it is recommended to take the lecture Linear and Computational Optimization in the third semester and the project seminar Optimization in the fourth semester.
- Enjoyment of Mathematics
- Wanting to know what’s behind it (curiosity and persistence)
- Ability to work in a team, because mathematics is not studied alone – the best solutions are found in teams
- Analytical skills and ability to abstract
Business mathematicians later work in their profession in:
- Finance & Insurance
- Software Development
- Mobile Communications & Telecommunications
- Automotive Industry
- Maritime/ Aerospace
- Data Science & Analytics
- Statistics
- Consulting
- Medial Technology
- Energy Industry
- Pharmaceutical Industry
- Transport & Logistics
- Banking/insurance industry
Wherever processes or structures have to be optimized, predicted and evaluated.
Application for a Degree Program
Admission Requirements and Application
Admission
- 1st semester: No Admissions Restrictions
Application deadline
- Winter semester: 30.09.
- Summer semester: nicht möglich
Details and notes
The application deadline for the winter semester for international applicants is July 15th.
In addition to the general qualification for university entrance (Abitur), there are other access options for studying at FAU.
